
Buy 1 ITM Call + Sell 1 OTM Call
Limited Profits
If Price of Underlying >= Strike Price of Short Call
Max Profit = Strike Price of Short Call - Strike Price of Long Call - Net Premium Paid - Commissions Paid
Limited risk
If Price of Underlying <= Strike Price of Long Call
Max Loss = Net Premium Paid + Commissions Paid
Breakeven Point
Breakeven Point = Strike Price of Long Call + Net Premium Paid
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